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a company shows the following balances: Sales $970000 Sales Return and allowances $ 220000 Cost of good sold $ 600000 Operating Expenses $ 79000 What

a company shows the following balances:

Sales $970000

Sales Return and allowances $ 220000

Cost of good sold $ 600000

Operating Expenses $ 79000

What is the gross profit margin?

a. 20%

b. 38.1%

c. 81.5%

d. 61.9%

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